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EOS now available for trading on Huobi OTC; sets a benchmark

Aakanksha Rana



EOS now available for trading on Huobi OTC; sets a benchmark
Source: Unsplash

On 1st August, Huobi OTC, an international trading exchange platform, announced on its official website the launch of EOS. It aims at providing a better quality service and diverse trading platform for the users of EOS.

Headquartered in Singapore, Huobi is a leading digital currency trading and exchange platform. Huobi aims at revolutionizing the future of the international financial system.

Huobi Global's tweet | Source: Twitter

Huobi Global’s tweet | Source: Twitter

The commencement of EOS trading will occur today at 10:00 [GMT+8]. The transactions are free of charge. Additionally, merchants involved in trading for EOS can also buy and sell ads free of charge. The advertiser will be charged a fee of 0.2% of the total trading value for each order in proportion to the trading value.

EOS is a blockchain and cryptocurrency token which operates on certain smart contracts and helps in the development of decentralized applications [dApps].

EOS Chart | Source: CoinMarketCap

EOS Chart | Source: CoinMarketCap

On 31st July, EOS started its day with a trading price of $7.77 with a market cap of $69 billion. At the time of writing, EOS, the world’s 5th largest cryptocurrency is traded at a price of $7.30 with a market cap of $66 billion. The coin has been a victim of the ongoing market crisis, showing a decline of 0.41% in the past 24 hours. Also, the price of EOS has decreased by 14.61% in the past 7 days.

Recently EOSIO made an announcement regarding a new software Demux. This software was introduced to simplify the development of complex decentralized applications [dApps] on the EOS platform.

Yesterday, Circle on its official medium blog, added EOS on their exchange platform, Poloniex, opening trading for Tether [USDT], Bitcoin [BTC] and Ethereum [ETH]. On 31st July, Huobi announced the listing of Verge [XVG] on its platform opening trading pairs with Bitcoin [BTC] and Ethereum [ETH].